Confirms AMZN is worth $450 - do the math folks !
but Alibaba makes a lot of money .... AMZN?
And if AMZN stopped spending on AWS and KINDLE they would too ! Just highlights how profitable the underlying ecommerce business is - but w $1.5 Billion in Free Cash Flow a year AMZN can continue to invest in new business opportunities.
$450 is too conservative. Let's be real... AMZN is a one of a kind business.
It could be higher - but being conservative. The great commoditization of IT has begun w AMZN. They are the poster child for continued global price deflation.